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You Super-Rich investors and bankers are making the same stupid error.
New housing starts are down 7.2 percent while housing
prices rose 5.1 percent over a year ago. It’s the investment banks’
seemingly congenital greed over mortages and profits: You sunk us in 2007
over raising mortgage rates way too high, and are about to
cause something even worse, now. You will trigger a really terrible depression.
The situation is far worse than in 2007-2008.
September 28, 2016
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Housing Trends, Mortgages, Greed,
Will Soon Trigger a Bad Depression or Worse
Get Prepared, Imminent Economic Collapse
Is Going To Be Much Worse Than 2008
The Daily Walk with Miracles, September 28, 2016, by Paul Evans, video is JIM ROGERS says Get Prepared, Imminent Collapse Going To Be Worse Than 2008, YouTube — 4:32. (The country music sampler provided for your listening pleasure while you see just how bad it’s going to get is a playlist dedicated to all the ladies out there is Dwight Yoakem’s The Heart That You Own. Ladies, I’m Paul, the owner here, I am 59, 5’10” and 175 lbs., “single and looking.” Email firstname.lastname@example.org.)
The economic collapse of the United States has actually been inevitable since 2008, and the investment banks and most of the big corporations since then have only made the prospects for our full economic collapse worse. Even the Royal Bank of Scotland, the economic gospel of conservative investors, has directed its patrons (as reported by The Sovereign Investor), to “Sell Everything” because “in a crowded hall, the exit doors are small,” with evidence that stocks are now 80 percent over-valued. See First Soros Now Jim Rogers Predicts Trillion Dollar ‘Biblical’ Crash, YouTube — 15:36. Also see Banking System Collapse – Global Financial Meltdown 2016-2017, X22 Finacial Report, YouTube, September 28, 2016 — 13:03, which mentions the United States gold imports from Switzerland are up 82 percent this year.
All the present trends and economic statistics indicate that an economic collapse of the entire U.S. economy is now inevitable. Very likely it will happen sometime this year. You super-rich jerks (most of the investment bankers and their super-rich clients, and some of the big CEO’s) are making the same stupid error. About three days ago the fact came out that for August, housing starts are down 7.2 percent while housing prices rose 5.1 percent over a year ago. It’s your seemingly congenital greed over mortages and profits: You are about to trigger a really terrible depression. The situation at this time is far worse than in 2007-2008. The economy, as led by the investment banks and super-rich, have put America in a huge economic hole into which they are going to drag the whole nation. Even now, it’s really bad. 75 percent of Americans are now living paycheck to paycheck. In my own state of Ohio, one-quarter of our children are at risk of real hunger every month. You KNOW this but you just cannot bring yourselves to contain your greed. Sadly, all of us are going to pay for that, and it’s so absurd in an existentialist sort of way. One would have thought that, between you, you had a brain.
I honestly would have thought you had more sense. Look, you have managed to loot the savings accounts and put that money (OUR money) into your typically risky, failing investments to the point where there is, according to NewsMax partner MoneyNews, 1/4 to 1/2 cent now in the savings accounts left for every dollar in circulation. You think a $20 Trillion dollar national debt is bad? There is now, unbelievably, some $552 Trillion in (risky, ill-conceived) derivative investments, and that amounts to NINE TIMES the total value of ALL the goods and services produced by the entire world. Then there’s housing, which now is almost too expensive for the average man to afford, and has been for some time. Because of your greed in your housing investments (just as in 2007), you are creating the financial atmosphere for a HECK of a lot of mortgage defaults. Also, with rising housing prices, fewer and fewer of us can afford to buy a new home, ever, and that hurts the economy. Maybe it is the housing bubble which will trigger financial disaster, or maybe it will happen in December when the Fed is more or less forced to raise interest rates, or lose any credibility it has around the world. See Fed Leaves Rate Unchained: Signals December Hike, The Daily Walk with Miracles, September 22, 2016, by Paul Evans, where I have a very scary excerpt from The Sovereign Investor:
See Are Stocks 80% Overvalued? New Evidence Shocks Wall Street, The Sovereign Investor, September 15, 2016, by JL Yastine:
“U.S. stocks are now about 80% overvalued, says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal [Bank] of Scotland, [which you may take as conservative economic gospel], says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
When Should We Fear
This “Global Currency Reset”
and Dollar Collapse, and Is It for Real?
Paul Evans: This is very real, folks. There are a LOT of web sites, some of them bogus (be careful in loading these from searches), which say that the “end” for the U.S. dollar is going to be September 30th or in October, and a month-old video from Ron Paul is calling for a dollar collapse on about December 31, 2016. However, basically (judging from the available articles on the net), this has been known as something that’s coming since 2013. The Federal Reserve meets in December on the 15-16th, and that could well trigger market shock, but there is a lot of time till then: Merry Christmas! Watch a speech by Fed Chairman Janet Yellen at a meeting of minority bankers on September 29, 2016 (Thursday, tomorrow), to perhaps get a handle on future prospects, but do not expect to get many details. The Fed is sometimes secretive, and sometimes misleading in its signals. But sometime this year there is definitely going to be a raise in interest rates, and yes, the stock markets might well collapse should the interest rates go up as much as 0.50 percent. See Fed Leaves Rate Unchained: Signals December Hike, The Daily Walk with Miracles, September 21, 2016, by Paul Evans. The DOW precipitously fell 40 points four days before the last Fed meeting just on Chairman Janet Yellen’s statement that an interest rate hike in September “shouldn’t be discounted.” Well we all know what happened, the Fed caved to investor pressure and left interest rates unchanged, but
If an interest rate hike doesn’t cause total economic collapse, and if the housing bubble doesn’t trigger it, then the precipitous drop in oil prices and profits will also be a factor in destabilizing the market and perhaps collapsing it. Some say oil will fall to $10 a barrel. Then too, the growth and floushing of other national economic powers is a factor. But it’s coming, and we know this, the only question is when, and very likely when this year.
Perhaps sometime as soon as October, the dollar is will lose it’s status as the “global reserve currency,” and then collapse. See Steps to The Global Economic Reset & U.S. Dollar Collapse, Global Currency Reset, March 15, 2014, which is a YouTube video. Ron Paul claims that no major economic power suvived for a long time as such which did not base it’s currency on gold. It has been primarily corporate control over most of the economy which is the sole reason that the United States didn’t go over to a gold backed currency a hundred years ago, when for example William Jennings Bryan (1860-1925, Wikipedia link) was a nominee for President. (Bryan was a populist Democrat who ran for President three times and backed a silver-based currency as better for the common man). However, it is even claimed by conspiracy theorists that Lincoln’s assassintion was because he stood against corporate control of the U.S. It has been realized that eventually we should change over to a gold-or-silver backed currency for that long, yet there was never much chance for it so long as the banks and big corporations were “calling the shots.” For more information read Wikipedia’s History of the United States dollar. And the main reason simply was that such a currency might interfere with big corporate control and profits.
All the global currency wars and the huge global push for world domination (the “New World Order” George H.W. Bush set in strong motion) and all those (basically bogus) derivative investments accomplished is to make the “end” for our status as the world’s main super-power and the consequences of the dollar collapse in the United States worse. It became just a postponement of the inevitable. Shamefully, the many of the very rich have known this for well over a year and have been buying up private stocks of gold so that they will not suffer when the economy utterly collapses. I will just note that in 1932, private stocks of gold were actually confiscated by the government in return for a fraction of their worth. We may well need to resort to that, it might ease the sufferring of “ordinary” Americans (which is going to short-term be even worse), and it will be bad. Donald Trump very likely will not take office before all this “goes down.”
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Yes, on the one hand, the United States still accounts for some 22 percent of the world’s trade, but the Euro and Yuan (China) are muscling in, China’s GDP has actually surpassed ours, and we have already held our status as the global reserve currency for 94 years, which is historically about as long as any nation has. If nothing else, all over the world, nations have pulled out all the stops on producing oil and the devaluation of petroleum and oil stocks might pull us down, by itself. Once the dollar loses status as the “global reserve currency,” perhaps quite soon, the United States will be basically be unable to just print money or go deeper in debt, to prop up a basically unsound economy which is already so far in debt. The dollar may well then very quickly, totally collapse, along with the stock market, and you will see economic and social chaos. There is a new, global currency, already proposed by the International Monetary Fund (IMF) which is to be based mainly on gold, it is said. In other words, the biggest coalition of economic planners in the world is already quite certain this will happen to the United States. We tried to push the “New World Order” agenda all over the world, when we should have looked after our own and made our own nation strong again. This is essentially the position Donald Trump takes with his slogan, “America First.” However, I see economic collapse as probable before he even takes office.
All the economic planners in the United States seem to know how to do is print a whole lot more money, engage in our fanatical currency wars, go deepeer into debt and do the whole “bubble economy” routine. But this is a much worse situation than we’ve seen since 1929.
The evidence suggests stock markets are over-valued by 50 to 75, or perhaps even 80 percent, as is the U.S. currency. This is a LOT worse situation than a 20-30 percent “market correction,” as the Russia Today video, below, and multi-millionaire Jim Rogers, (who recently gave up on us and relocated his family to Singapore), relate. It will almost definitely be worse than in 2007-08. This is also much worse than a simple situation of “market psychology.” One way or another (housing bubble, the derivative/junk bond catastrophe, or oil devaluation, the growth of several national economies around the world, or all of these factors), we are ALL going to suffer big time because of you rich folks and your insatiable greed. Junk bonds, CDL’s and derivatives are NOT going to save the situation, and just printing more money and going still deeper in debt will not be possible. Sad but factually undeniable.
See From The Federal Reserve To A New US Republic via a Global Currency Reset, The Daily Walk with Miracles, September 9, 2016, by Paul Evans. Here is one very interesting link in this article: Watch New World Currency Backed By Gold Revealed, The Alex Jones Channel on YouTube — 18:05. Mr. Jones says we are in a perfect “hell-storm of debt.” Actually, many of the super-rich have known about this and have been accumulating gold for a few years, now. Watch The Secret Global Reset Agreement, Veterans Today, The Forbidden Truth on YouTube — 13:53.
Watch [WARNING] RON PAUl : Economic Collapse & Financial Market Crash 2016 (JULY 2016 Pls Share), YouTube — 20:23. Ron Paul has always claimed that no major society or nation which did not base its currency on gold has ever prospered or even survived, long term.
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